Triangle Figure Skating Club

Analysis

Triangle Figure Skating Club is a registered charity in United States, based in Morrisville, NC. It received its IRS tax-exemption ruling in January 2010, 16 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Triangle Figure Skating Club reported income of $108k and spending of $88k, spending 82% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $86k to $108k (+25%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Triangle Figure Skating Club sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include Wakefield Youth Football Club Inc ($108k), Talawanda Bantam Football Association ($108k) and Wavetrain Kayak Team Inc ($108k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 79% of the total. At year end it held assets of $130k against liabilities of $0, net assets of $130k.